Smooth reflectors, like those in the LionHeart or Gladius, do not have the 'orange peel' stipple on the inside of the reflector. This means that they gain a bit of throw, but you get a more distinct hotspot due to the fact that there'll be flaws in the way the light is reflected out of the head, and the beam quality will suffer somewhat due to artifacts.
Orange peel reflectors are stippled so as to diffuse the light a bit as it leaves the head - this spreads the hotspot out somewhat, and makes it blend better into the corona, but you lose a little throw as it doesn't send all the photons directly ahead. You can tell the difference by looking into the head of a light, and seeing if it's smooth or pitted in its appearance - most SF lights, if not all, are orange-peel style.